https://www.taxtmi.com/caselaws?id=24784 The court held that apart from the specified Rs. 18,000 per year, any additional amounts received by the beneficiary were also liable to be taxed under section 160(1)(iv) of the Income-tax Act, 1961. The court distinguished this case from previous decisions based on the terms of the trust deed, emphasizing that the beneficiary was not entitled to the entire income from the share fund. The reference was answered accordingly, with no costs awarded. en-us Wed, 15 Jun 1988 00:00:00 +0530 Fri, 22 Jan 2010 13:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24784 The court held that apart from the specified Rs. 18,000 per year, any additional amounts received by the beneficiary were also liable to be taxed under section 160(1)(iv) of the Income-tax Act, 1961. The court distinguished this case from previous decisions based on the terms of the trust deed, emphasizing that the beneficiary was not entitled to the entire income from the share fund. The reference was answered accordingly, with no costs awarded. Case-Laws Income Tax Wed, 15 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24784